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AUDCHF: Classic Trend Following Trade



Hey traders,


AUDCHF is trading in a bearish trend .

After the price reached 0.664 structure low,

we saw a pullback to 0.672 structure resistance .


What is so peculiar about the underlined yellow zone

is the fact that it was a previous lower low on a daily.


Chances will be high that the trend following move will initiate from that.


As a confirmation, I found a bearish breakout of a rising wedge pattern and h&s formation with

a neckline violation on 1H.


Intraday goals:

0.6685

0.6657

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